Sony shares up on news to resume some PlayStation services

News of the PlayStation Network’s imminent return, plus an incentive package to woo back alienated consumers, is correlated with the price increase.

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rabidpancakeburglar2732d ago

Well it's not as if it would fall

zealottt2732d ago ShowReplies(11)
Dart892732d ago

Sell that Sony stock to roll in the money good Sony is starting to regain some of that money it lost.

MaxXAttaxX2732d ago Show
Anon19742732d ago

Um, when a company stock trades, those are shares owned by other people. It's not like Sony makes money off their share price. The stock price is merely a representation of what the market thinks the company is worth at a certain point in time.

And these fluctuations weren't even that severe. Considering every Japanese stock has been volatile since the Earthquake, and Japanese electronics company's have been extra volatile with slowing demand for things like flat screen TV's and what not (look at Sharp's recent earnings warning) Sony's price swing really wasn't out of the ordinary, and now it's reversed. So much for those knee jerk, "the sky is falling" articles we were seeing regarding this minor price dip.

slaton242731d ago

im just glad to hear all this good news and cant wait to get back with my fellow gamers to see how they have been through this u r the best..thank you for your hard work

SkyCrawler2732d ago

So what do we do about all the other redundant "Company Stocks for Sony are Plummeting!!" articles then?

Kewl_Kat2732d ago Show
ALFAxD_CENTAURO2732d ago (Edited 2732d ago )

After E3 it will skyrocketed.

kagon012732d ago

PS3 is Dooomed!!! for the 5th time I think...

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